Genesis Lease in talks about potential merger

SHANNON-BASED aircraft less or firm, Genesis Lease has confirmed it is in merger talks with a firmbelieved to be AerCap Holdings.

Following what it called unusual trading in its stock and marketplace rumours, Genesis confirmed it isin discussions with an unnamed party about a potential merger.

Airfinance Journal reported that the company Genesis is in talks with is AerCap Holdings. Genesis owns 54 aircraft valued at about $1.6 billion (€1.1bn).